Category: Capital Market/Banking

SEC Nigeria, FSD Africa To Develop ICT Transformation Strategy
April 28, 2021 No Responses

SEC Nigeria, FSD Africa To Develop ICT Transformation Strategy

The Securities and Exchange Commission (SEC) with the support of FSD Africa is to develop an Information Communication and Technology (ICT) transformation strategy to improve market regulatory efficiency.  A document published on the commission’s website on Tuesday, explained that the...
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CSCS Bags Market Choice Award
April 28, 2021 No Responses

CSCS Bags Market Choice Award

The  Central Securities Clearing System (CSCS)  has bagged the prestigious Market Choice award for outstanding counterparty trust assurance.   Mr Haruna Jalo-Waziri, the Chief Executive Officer of CSCS, in a statement explained th...
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TAJBank Declares N845m Profit In 2020
April 26, 2021 No Responses

TAJBank Declares N845m Profit In 2020

For the year ended December 2020, TAJBank has declared N845million Profit After Tax (PAT) and total assets of N50 billion.   In a statement on Sunday, TAJBank explained that result attained within its first year of operation “ highest earning per.....
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Zenith Bank MD Implores MSMEs On Compliance To Principles Of Credits
April 23, 2021 No Responses

Zenith Bank MD Implores MSMEs On Compliance To Principles Of Credits

Zenith Bank Plc, has advised Micro, Small and Medium Enterprises (MSMEs) to be conversant with the five principles of credits as part of measures to boost chances of accessing funding facilities.  The Group Managing Director of the bank, Mr Ebenezer...
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Conoil, Lafarge Africa, GTBank Lift NGX Indices By 0.29%
April 22, 2021 No Responses

Conoil, Lafarge Africa, GTBank Lift NGX Indices By 0.29%

Transactions on the Nigerian Exchange (NGX) Ltd. on Wednesday extended gaining streak to four consecutive trading sessions, appreciating further by 0.29 per cent.  The performance was as a result of investors’ interests in Guaranty Trust Bank and Lafarg...
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First Bank CEO Urges Govt, Businesses To Leverage Technology, Innovation
April 22, 2021 No Responses

First Bank CEO Urges Govt, Businesses To Leverage Technology, Innovation

Dr Adesola Adeduntan, Chief Executive Officer (CEO), First Bank Group, has urged government, relevant financial authorities and businesses to leverage technology and innovation for better financial inclusion and an improved Nigerian economy. Adeduntan gave the...
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CBN Urges Banks To Support Businesses Seeking Expansion
April 21, 2021 No Responses

CBN Urges Banks To Support Businesses Seeking Expansion

The Central Bank of Nigeria (CBN) has urged commercial banks to leverage their presence in other parts of Africa to support Nigerian businesses seeking to plant their footprints into new markets.  The CBN Governor, Mr Godwin Emefiele, gave the advice...
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Ecobank Announces First 50 Beneficiaries Of Super Reward Scheme
April 20, 2021 No Responses

Ecobank Announces First 50 Beneficiaries Of Super Reward Scheme

The first set of beneficiaries of Ecobank Nigeria Super Reward scheme has emerged. 50  customers will receive N25, 000 each. The four-month Super Rewards scheme which will run till July this year was launched in March this year.  50 customers...
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FirstBank Unveils Corporate Website, Reiterates Commitment To Seamless Service Delivery
April 19, 2021 No Responses

FirstBank Unveils Corporate Website, Reiterates Commitment To Seamless Service Delivery

First Bank of Nigeria Ltd., has launched a new website to ensure seamless banking and technology solutions to its customers across the world.  The Chief Executive Officer, FirstBank Group, Dr Adesola Adeduntan, said this in a statement in Lagos on...
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CSCS Declares N6.93b Profit, N5.85b Dividend For 2020
April 18, 2021 No Responses

CSCS Declares N6.93b Profit, N5.85b Dividend For 2020

The Central Securities Clearing System Plc (CSCS) has announced a profit after tax of N6.93 billion for the financial year ended Dec. 31, 2020.  The company in a statement explained that profit after tax was 41.43 per cent higher when...
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NGX Market Capitalisation Increases By N124b
April 17, 2021 No Responses

NGX Market Capitalisation Increases By N124b

Trading on the Nigeria Exchange Ltd ended on a positive note on Friday with the market capitalisation appreciating by N124 billion due to gains in some blue chips.  The market capitalisation increased 0.61 per cent to N20.310 trillion, from N20.186...
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Citigroup To Exit Banking Operations In 13 Markets
April 16, 2021 No Responses

Citigroup To Exit Banking Operations In 13 Markets

Citigroup is closing its consumer banking operations in 13 markets across Asia, Europe and the Middle East. The US banking group will instead run these operations from four hubs in Singapore, Hong Kong, the United Arab Emirates and London.  It...
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Ecobank Offers Mortgage Loans, Investment Options For Nigerians in Diaspora
April 16, 2021 No Responses

Ecobank Offers Mortgage Loans, Investment Options For Nigerians in Diaspora

Ecobank has rolled out several investment packages and opportunities to encourage Nigerians in the diaspora to own houses in the country and also participate actively in money and capital markets.  Speaking to newsmen in Lagos at the weekend, Olukorede De...
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Yuguda: SEC, CBN Working On Cryptocurrencies Trading Regulation
April 16, 2021 No Responses

Yuguda: SEC, CBN Working On Cryptocurrencies Trading Regulation

The Securities and Exchange Commission (SEC) is working with the Central Bank of Nigeria (CBN) for better understanding and regulation of cryptocurencies in the country. The Director-General, SEC, Lamido Yuguda, said this at the 2021 first post-Capital Market ...
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